INVESTING IN KENYA OPPORTUNITIES AND CHALLENGES

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INVESTING IN KENYA- OPPORTUNITIES AND CHALLENGES
Millenium Cities Investment Day, London 10th
December, 2008
Hon. Wycliffe Ambetsa Oparanya, MP Minister of
State for Planning, National Development
Vision 2030
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Kenya - Your INVESTMENT destination
Your Ultimate Investment Partner
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The Millennium Cities
P

• Kenya is one of the four African countries
  currently implementing the Millennium Project
• United Nations initiative undertaken to support
  member countries in assessing their investment
  requirements for-
• Promotion of equity,
• Reduction of poverty levels,
• Thus the achievement of the MDGs.
• Kisumu declared Millennium city in January, 2006

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Cont..Millennium project

• Implementation of MDGs in Kenya gained momentum
  in September 2002
• Ministry of Planning and National Development
  mandated to coordinate the process
• The ministry coordinates the process in
  collaboration with UNDP Kenya and the Government
  of Finland, through a project titled
  Mainstreaming MDGs in Kenyas Development
  Process

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Achievements

• The 2007 MDGs Status Report launched recently
  through the project
• Report indicates Kenya is performing well in
  goals of education and health
• Achievement of other goals in
• the MDGs are addressed within the governments
  long term development blueprint, the vision 2030.

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Investment Opportunities-the vision 2030

• The vision has identified 6 key sectors and
  flagship projects
• Tourism
• Agriculture
• Wholesale and Retail
• Manufacturing
• Business Process Outsourcing
• Financial Services
• Enabling sectors- Energy, Infrastructure
• Summary of Key Investment Opportunities in Kenya
  available

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challenges

• cost of doing business-
• - World fuel/Energy prices
• Infrastructure related challenges
• These challenges are being addressed through
  the flagship projects of the vision 2030 strategy

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Creating enabling environment

• Investment Promotion Act, 2004
• The Kenya Investment Authority- Your One Stop
  Shop
• Privatization Act, 2005
• Simplification of licensing and other procedures,
  
• Investment incentives in export-processing zones
  (EPZs)
• Framework for public private partnerships
  established

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Creating enabling environment

• Rehabilitation of the countrys infrastructure,
  particularly the road network, the airports and
  the port of Mombasa.
• Jomo Kenyatta International Airport and Kisumu
  airport are currently under rehabilitation and
  expansion to increase their capacity to handle
  more passenger and cargo aircrafts.

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Why Kenya

• Gateway to Eastern, central and southern Africa
  (400 million)
• Nairobi - Regional business and air hub
• Well developed human resources
• Strong entrepreneurial culture

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Nairobi the Green City in the Sun
8.0
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Remember to fly KQ The Pride of Africa
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Thank YouWelcome to Kenyawelcome to Kisumu